Plimmox Companys income before taxes is $ 410,000 and its tax rate is 35%. Plimmox included $

Question:

Plimmox Company’s income before taxes is $ 410,000 and its tax rate is 35%. Plimmox included $ 60,000 in non- deductible fines in the $ 410,000. There are no other book- tax differences. Prepare a reconciliation of Plimmox’s statutory tax rate to its effective tax rate. .